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$4,495,000
76 Days On Site

3438 Potomac Avenue
Los Angeles, CA 90016

For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
9,144
SqFt
$492
/SqFt
2024
Built
County:
Los Angeles
Listed by Elizabeth Maddox of Myunits.com Inc. [email protected]

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951-506-5744
3438 Potomac Avenue3438 Potomac Avenue3438 Potomac Avenue3438 Potomac Avenue
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3438 Potomac Ave is an ultra-premium NON RENT CONTROLLED, OPPORTUNITY ZONE, 2024 construction 6-unit building located in trendy West Adams, just a short walk from countless high-end shops, galleries, and notable eateries such as Highly Likely Cafe, Thinkspace Gallery, and The Bar at Johnny's! This luxury property boasts an impressive projected 5.38% cap rate and $321,600 in yearly gross rent, making it a dream come true for 1031 exchange and Opp. Zone buyers! The property is comprised of an ideal unit mix: two large 4-bedroom tri-level townhome-style units, and four equally impressive 3-bedroom tri-level townhome-style units. All units feature large open floor plans, ultra-trendy designs, huge balconies, upgraded finishes, and TONS of PARKING! Thanks to its A++ location, this will be an extremely easy-to-manage, easy-to-rent, high cash flow property for years to come. The property also includes 12 parking spots (8 garage spaces and 4 exterior spots), all secured behind an automatic gate. The excellent location, paired with upscale modern units, ensures quick and easy rentals. These premium townhomes offer unbeatable floorplans with extremely large, tenant-friendly kitchens and living rooms. Noteworthy features include designer tiles, modern glossy cabinets, high ceilings, huge closets, balconies off the living spaces and bedrooms, countless windows providing maximum natural light, wood-look waterproof vinyl, and more! In addition to a high return, buyers will enjoy other perks such as ample parking, tastefully designed drought-tolerant landscaping, a 1-year builder’s warranty, brand new EVERYTHING, low maintenance, separate meters for gas, water, and electricity, and extreme desirability among renters for years to come. This one-of-a-kind opportunity won't last long!

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Listing Snapshot
Price 
$4,495,000
Days On Site 
76 Days
Bedrooms 
N/A
Inside Area (SqFt) 
9,144 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2122 Acres
Year Built 
2024
MLS® Number 
BB24185573
Status 
Active
Property Tax 
$1.19
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 months agoStatus changed to Active
2 months agoListing updated with changes from the MLS®
3 months agoListing first seen on site
General Features
Acres 
0.2122
Garage 
Yes
Garage Spaces 
8
Number Of Stories 
3
Parking 
Garage Faces FrontGarageGatedGarage Faces Rear
Parking Spaces 
12
Property Condition 
New Construction
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
9144
Stories 
OneTwoThree Or More
Style 
Modern
Water Source 
Public
Zoning 
LAR2
Interior Features
Appliances 
DishwasherFreezerDisposalGas OvenGas RangeMicrowave
Cooling 
Central Air
Fireplace Features 
None
Flooring 
Vinyl
Heating 
Central
Laundry Features 
Inside
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Exterior Features
Lot Features 
Back YardLandscaped
Pool Features 
None
Road Frontage 
City Street
Spa Features 
None
View 
CityCity LightsNeighborhood
Waterview 
CityCity LightsNeighborhood
Community Features
Building Access 
front
Community Features 
Sidewalks
Financing Terms Available 
Submit
MLS Area 
C16 - Mid Los Angeles
Roads 
Paved


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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EXP REALTY OF SOUTHERN CALIFORNIA, INC. CA DRE#02187306

10620 Treena St, Ste 230
San Diego, CA 92131

Tom Olsewski – DRE#01442461